Policy
Types:
The
Special Form Homeowners Package Policy covers the
dwelling, separate structures and loss of use on an accidental
direct physical loss basis and the personal property on a
named-peril basis. The named perils include such perils as
fire, extended coverage, broad form and theft. In addition,
this policy protects you and your family members against damages
for which you are legally responsible, arising from bodily
injury or property damage.
The
Protector Plus and Townhouse Protector Plus Policies
protects against identical perils as the Special Form and
adds many additional coverages.
The
Broad Form Renters Package Policy cover the renter's
personal property and building additions and alterations and
loss of use on a named-peril basis. In addition, this policy
protects you and your family members against damages for which
you are legally responsible, arising from bodily injury or
property damage.
The
Townhouse and Condominium Owners Package Policy covers
the dwelling and separate structures on an accidental direct
physical loss basis and personal property on a named-peril
basis. Loss of Use is covered on an accidental direct physical
loss basis for Townhouse and on a named peril-basis for Condominium.
In addition, this policy protects you and your family members
against damages for which you are legally responsible, arising
from bodily injury or property damage.
Here
is a list of the named perils covered:
1.
Fire or lightning damage
2. Windstorm or hail damage
3. Damage caused by explosion
4. Damage caused by riots or civil disturbance
5. Aircraft damage
6. Vehicle damage
7. Smoke damage
8. Vandalism or malicious mischief
9. Loss from theft
10. Glass breakage
11. Damage caused by volcanic eruption
12. Falling objects
13. Damage caused by collapse due to weight of ice, snow or
sleet
14. Freezing damage to plumbing, heating/air conditioning
or household appliances
15. Accidental discharge or overflow of water from plumbing
or a heating/air- conditioning system
16. Damage from a sudden and accidental discharge of an artificially
generated electrical current
17. Damage caused by sudden and accidental tearing apart,
cracking, burning or bulging of a heating/air-conditioning
system, a fire-prevention sprinkler system or an appliance
for heating water
Here
is a list of a few perils commonly EXCLUDED from homeowners
policies (Check your policy for specific exclusions.
1.
Damage caused by flood
2. Damage caused by earthquake
3. Damage caused by war or nuclear accident
4. Damage caused by earth movement |
